It has been a long time since Business Intelligence (BI) came into being, there are many who are still unaware of its existence or benefits. Companies with a vision to make it big in business cannot turn it into reality by relying merely on raw data and their gut feelings or experience. It has to bank on a technology that assures highly accurate results based on queries.
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BI is a technology that was invented with a view of transforming accounting and management as well as analysis of data. If you want to get more details about business intelligence, browse to https://dotnetreport.com/blog/2021/01/embedded-reporting-dashboard-and-business-intelligence-software-options-available-to-software-developers/.
A business intelligence tool helps in knowing the data history, the real-time data and predicts the future outcome by means of predictive analytics. It enables business owners to support their decisions based on facts.
Apart from providing accurate and helpful business information to the company, it also offers a single source of information access for all. The sales team, as well as the marketing team, collects information from a common source which makes work more transparent and easily shareable. Everyone can have a look at the same data insights or information. The BI tool makes use of the in-built dashboards, reports, and filters to present the results achieved through the predictive analysis.